Kadant Inc. has completed the acquisition of KWS Manufacturing Company, Ltd. ("KWS") for approximately $84 million in cash, subject to certain customary adjustments. The acquisition was financed primarily through borrowings under Kadant's revolving credit facility.
KWS is a leading manufacturer of conveying equipment for the bulk material handling industry. The company manufactures screw conveyors, screw feeders, slide gates, and bucket elevators for process industries, including the food, chemicals, and wood industries. Located in Burleson, Texas, with approximately 165 employees, KWS had revenue of $45 million for the trailing twelve months ended September 30, 2023. KWS will become part of Kadant's Material Handling reporting segment.
Kadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing.
